Retail sales in India slipped 79% in May compared with pre-COVID sales in the same month in 2019, as businesses across States were closed due to the second wave of the pandemic, a survey by Retailers Association of India (RAI) showed.
The decline in sales was the steepest in West and North India, which witnessed an 83% dip last month as compared with May 2019, RAI said in a statement.
Eastern region saw a decline of 75%, while South was relatively better with a contraction of 73% as compared to the same month in 2019. On a sequential basis, the decline in May was much steeper compared to the previous month, when overall sales across India were down 49% as compared with April 2019, the survey showed.
“Retailers are looking forward to some improvement in June with gradual unlocking. However, the industry needs the collective support of various government bodies to tide over the present situation,” RAI CEO Kumar Rajagopalan said.